News

Workplace Gender Equality Australia has released its 2024 gender pay gap report. While 77 per cent of companies have an equal pay policy, women in food and beverage manufacturing are still paid 12.5-13 per cent less than men.

Every week, Food & Drink Business editor Kim Berry brings you the latest news in the food and beverage manufacturing sector. This week: New issue out now, APPEX, IPPO Forum, Coles Group, Australian Vintage, Accolade Wines, Australian Wine Holdco, Bega, Food and Beverage Accelerator (FaBA), and QUT.

The Brown Family Wine Group has achieved Sustainable Winegrowing Australia (SWA) certification across the entirety of its vineyards and winemaking sites. It follows the certification of two of its vineyards and two wine making plants last year.  

While food and agriculture have accounted for the largest share of Australian-founded synthetic biology start-ups to date, the industry is worth up to $30 billion dollars a year, a new report by CSIRO and Main Sequence Ventures found.

Around 70 native food businesses attended the inaugural First Nations Native Food Blockchain Workshop in Victoria, exploring how the technology could support the industry and uphold Indigenous cultural intellectual property rights for Victorian Traditional Owners.

Mars and Sanitarium are two of almost 60 manufacturing, food production, and related businesses taking part in this year’s Central Coast Industry Festival on 6-7 March.

Milklab and plant-based milks manufacturer, Noumi, recorded a six per cent increase in group revenue to $296.7 million. CEO Michael Perich said the results showed "solid progress" against its strategic plan to Reset, Transform, and Grow.

On the release of its 1H24 results, Coles CEO Leah Weckert says the retailer makes around $2.60 for every $100 spent. While there is a lack of understanding about the costs of getting a product onto the shelf, Weckert says the company has the balance right.

You asked, some pleaded, so we obliged. The deadline for entries into the inaugural Hive Awards is now THURSDAY, 29 FEBRUARY. There's no time to lose, get those entries in! 

A $3.9 million project will complete the transformation of the Queensland University of Technology Mackay Renewable Biocommodities Pilot Plant (MRBPP) into a state-of-the-art food-grade compliant facility, boosting Australia’s ability to produce novel food and beverage ingredients via precision fermentation.

Bubs Australia’s 1H24 results showed a dramatic drop in net loss, with rapid growth in the US and pleasing growth in the Australian market playing a major part. The company also announced Federal Court proceedings brought by founder and former CEO, Kristy Carr, and former executive chair, Dennis Linn, had been mutually discontinued.

Australian Vintage says its strategic review identified several initiatives, including “potential transformational mergers”, and is in “very early stage” exploratory discussions with Accolade Wines, but there is no certainty any transaction will eventuate.

Chobani has teamed up with Foodbank and Woolworths to launch two new fundraising yoghurts. Each 907g yoghurt tub sold donates funds to Foodbank’s Fruit and Vegetable Program, boosting its supply of fresh produce to Australians in need. 

NEW ISSUE OUT NOW!

Welcome to Food & Drink Business’ first print magazine of 2024. Before we even know what’s what, we have the first ever APPEX event kicking off in just two weeks time, and our inaugural (a time for firsts!) Hive Awards underway (extended closing date is this Thursday, 29 February). 

The Naturally Good 2024 Awards are now open for entries, featuring 14 categories including Best Food Product, Best Beverage Product, Best Functional Food or Beverage Product, and a new publicly voted People’s Choice Award. 

Researchers at Deakin University have completed a nutritional audit of 700 plant-based foods that are on sale in Australian supermarkets. While results varied widely within and across categories, they found a consistent trend of plant-based meats getting saltier.